NOTE 2 - INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Amortized cost and fair value of investment securities

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		(Losses)		Value
	(dollars in thousands)
September 30, 2020:
Securities HTM:
Municipal securities	$	433,842	$	26,292	$	(984)	$	459,150
Other securities		1,050		—		(1)		1,049
	$	434,892	$	26,292	$	(985)	$	460,199
Securities AFS:
U.S. govt. sponsored agency securities	$	17,791	$	667	$	(21)	$	18,437
Residential mortgage-backed and related securities		128,281		6,158		(292)		134,147
Municipal securities		132,545		3,497		(809)		135,233
Asset-backed securities		39,696		1,108		(139)		40,665
Other securities		18,550		164		—		18,714
	$	336,863	$	11,594	$	(1,261)	$	347,196

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		(Losses)		Value
	(dollars in thousands)
December 31, 2019:
Securities HTM:
Municipal securities	$	399,596	$	26,042	$	(143)	$	425,495
Other securities		1,050		—		—		1,050
	$	400,646	$	26,042	$	(143)	$	426,545
Securities AFS:
U.S. govt. sponsored agency securities	$	19,872	$	283	$	(77)	$	20,078
Residential mortgage-backed and related securities		118,724		2,045		(182)		120,587
Municipal securities		46,659		1,602		(4)		48,257
Asset-backed securities		16,958		—		(71)		16,887
Other securities		4,749		138		(1)		4,886
	$	206,962	$	4,068	$	(335)	$	210,695

Securities have been in a continuous unrealized loss position

	Less than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(dollars in thousands)
September 30, 2020:
Securities HTM:
Municipal securities	$	33,252	$	(984)	$	—	$	—	$	33,252	$	(984)
Other securities		1,049		(1)		—		—		1,049		(1)
	$	34,301	$	(985)	$	—	$	—	$	34,301	$	(985)
Securities AFS:
U.S. govt. sponsored agency securities	$	3,243	$	(21)	$	—	$	—	$	3,243	$	(21)
Residential mortgage-backed and related securities		31,124		(292)		—		—		31,124		(292)
Municipal securities		27,277		(809)		—		—		27,277		(809)
Asset-backed securities		16,796		(139)		—		—		16,796		(139)
Other securities		—		—		—		—		—		—
	$	78,440	$	(1,261)	$	—	$	—	$	78,440	$	(1,261)

	Less than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(dollars in thousands)
December 31, 2019:
Securities HTM:
Municipal securities	$	509	$	(1)	$	10,047	$	(142)	$	10,556	$	(143)
Other securities		550		—		—		—		550		—
	$	1,059	$	(1)	$	10,047	$	(142)	$	11,106	$	(143)
Securities AFS:
U.S. govt. sponsored agency securities	$	1,431	$	(21)	$	2,117	$	(56)	$	3,548	$	(77)
Residential mortgage-backed and related securities		2,263		(17)		17,862		(165)		20,125		(182)
Municipal securities		—		—		724		(4)		724		(4)
Asset-backed securities		16,886		(71)		—		—		16,886		(71)
Other securities		249		(1)		—		—		249		(1)
	$	20,829	$	(110)	$	20,703	$	(225)	$	41,532	$	(335)

Realized gain (loss) on investments

	Three Months Ended				Nine Months Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
		(dollars in thousands)
Proceeds from sales of securities	$	22,252	$	23,364	$	28,579	$	28,025
Gross gains from sales of securities		1,802		143		1,936		150
Gross losses from sales of securities		—		(146)		(69)		(206)

Investments classified by maturity date

	Amortized Cost		Fair Value
	(dollars in thousands)
Securities HTM:
Due in one year or less	$	3,509	$	3,525
Due after one year through five years		32,354		32,909
Due after five years		399,029		423,765
	$	434,892	$	460,199
Securities AFS:
Due in one year or less	$	7,795	$	7,810
Due after one year through five years		14,010		14,423
Due after five years		147,081		150,151
		168,886		172,384
Residential mortgage-backed and related securities		128,281		134,147
Asset-backed securities		39,696		40,665
	$	336,863	$	347,196

Schedule of investment in callable securities

	Amortized Cost		Fair Value
	(dollars in thousands)
Securities HTM:
Municipal securities	$	204	$	203
Securities AFS:
Municipal securities		118,030		120,371
Other securities		4,500		4,664
	$	122,530	$	125,035